OPEN-SOURCE SCRIPT
Custom Opening Price Levels (PO3)
Обновлено
This indicator is designed to assist the trader in identifying the Power of Three through the opens of the candles.
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The PO3 is a concept introduced by ICT. First, you need to have a directional bias for the month or the specific candle in question. It should be of high time frame (HTF BIAS).
At the open of the specific candle, the market will generate interest in the direction opposite to the HTF BIAS, accumulating positions. It will then manipulate the positions of less informed traders to generate the necessary liquidity to fill informed operators positions.
Finally, positions are distributed in favor of the bias.
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The PO3 is a phenomenon that repeats across all timeframes. This indicator is highly customizable and allows the user to choose from a range of timeframes: 3 months, 1 month, 1 week, 1 day, and 3 hours. The indicator displays the last 3 opens for the selected period.
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The script is open-source, so feel free to add more timeframes or open levels if you have coding skills.
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The PO3 is a concept introduced by ICT. First, you need to have a directional bias for the month or the specific candle in question. It should be of high time frame (HTF BIAS).
At the open of the specific candle, the market will generate interest in the direction opposite to the HTF BIAS, accumulating positions. It will then manipulate the positions of less informed traders to generate the necessary liquidity to fill informed operators positions.
Finally, positions are distributed in favor of the bias.
-------------------------
The PO3 is a phenomenon that repeats across all timeframes. This indicator is highly customizable and allows the user to choose from a range of timeframes: 3 months, 1 month, 1 week, 1 day, and 3 hours. The indicator displays the last 3 opens for the selected period.
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The script is open-source, so feel free to add more timeframes or open levels if you have coding skills.
Информация о релизе
I made a mistake by publishing an outdated version of the script. - Improved code organization
- Added "lookahead=barmerge.lookahead_on" to the request security for correct updating of open prices
- Removed unnecessary lines from the development process
Информация о релизе
Updated the final details regarding the explanation on the chart.Информация о релизе
- Changed input.string to input.timeframe to allow user select from more timeframesИнформация о релизе
Updated the final details regarding the explanation on the chart.Скрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
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